1. Play the Tax Game available online at http://econ.glendale.edu/index.php It is a simulation in which you are the tax dictator for a mythical country. You must collect enough revenue-but not too much-for your government by adjusting a number of different tax rates, caps and deductions. When you collected sufficient revenue, the game will tell you the tax incidence. That is the impact of your tax choices on different income groups ranging from the bottom 20% to the top 1%. And, the program will estimate your Gini coefficient. You will be asked to readjust you tax choices so that you are satisfied with your tax incidence. There is no correct answer to the game; each of you will differ in your political perspective and how you choose your tax rates. However, I will ask you to justify each of your tax choices as well as the overall tax incidence. Along with a print out of your final outcome and choices, answer the following. a. For each of the taxes, explain the choice you made for the tax rates. If relevant, also explain any choices you made for deductions or caps. In other words, why did you choose each number you entered in the simulation. In justifying your choices, please refer to the progressive or regressive impact of each of these taxes. b. Identify the tax choice that had the caused the Gini coefficient to rise the most Why did it have this effect? c. Identify the tax choice that had the caused the Gini coefficient to fall the most Why did it have this effect? You may substitute the following calculus option question for the question #2 , 3 or 4 below: Go to Microeconomics and Calculus link at the top of the course Moodle page. There, complete the three lessons: "Lorenz Curve and Gini Coefficient", "Elasticity" and "Elasticity and total revenue." Report your answers to the questions asked (even if incorrect) and explain how you reached your answer. What did you learn about economics from these modules? What did you learn about calculus? 2. Based on your reading of the article "Climate Economics in Four Easy Pieces" in the photocopy reader: Identify a concept used in this article that we have studied in Microeconomics. How does the author use the concept? What does he conclude based on this concept